ICICI Bank Q3FY25 net profit rises 14.8% to Rs 11,792 crore

Mumbai: ICICI Bank reported a 14.8% year-on-year rise in profit after tax to Rs 11,792 crore for the quarter ended Dec 31, 2024, compared to Rs 10,272 crore in Q3-2024. Sequentially, the profit increased 1.8% from Rs 11,585 crore in Q2-2025. The growth was driven by higher net interest income and fee earnings, supported by a 15.1% increase in loans led by business banking.

Net interest income (NII) rose 9.1% year-on-year to Rs 20,371 crore in Q3-2025, up from Rs 18,678 crore in Q3-2024. However, NII declined slightly by 0.5% quarter-on-quarter from Rs 20,475 crore in Q2-2025. Non-interest income, excluding treasury gains, grew 12.1% year-on-year to Rs 6,697 crore, compared to Rs 5,975 crore in Q3-2024. Sequentially, it increased 5.6% from Rs 6,342 crore. Treasury gains surged to Rs 371 crore in Q3-2025, up from Rs 123 crore in Q3-2024. Fee income rose 16.3% year-on-year to Rs 6,180 crore, with retail, rural, and business banking customers contributing 78% of the total.

Operating expenses rose 11.7% year-on-year to Rs 10,552 crore in Q3-2025, compared to Rs 9,448 crore in Q3-2024. Sequentially, expenses increased by 1.2% from Rs 10,426 crore in Q2-2025. Provisions, excluding tax, stood at Rs 1,227 crore in Q3-2025, higher than Rs 1,050 crore in Q3-2024 but slightly lower than Rs 1,233 crore in Q2-2025.

Total deposits as of Dec 31, 2024, grew 14.1% year-on-year to Rs 15,20,309 crore and rose 1.5% sequentially. Average deposits increased 13.7% year-on-year to Rs 14,58,489 crore in Q3-2025, with current account deposits growing 13.1% and savings account deposits up 12.3%. The average CASA ratio remained steady at 39%.

The domestic loan portfolio expanded 15.1% year-on-year to Rs 12,82,778 crore as of Dec 31, 2024, with a sequential increase of 3.2%. Retail loans grew 10.5% year-on-year, while the business banking and rural portfolios grew 31.9% and 12.2%, respectively. The domestic corporate portfolio rose 13.2% year-on-year, while total advances increased 13.9% to Rs 13,14,366 crore.

The gross NPA ratio marginally improved to 1.96% as of Dec 31, 2024, from 1.97% at the end of Sep 2024. The net NPA ratio remained stable at 0.42%, with the provisioning coverage ratio for non-performing loans at 78.2%. The total capital adequacy ratio stood at 16.6%, while the CET-1 ratio was 15.93%, well above regulatory requirements.

ICICI Bank’s subsidiaries also reported strong performances. ICICI Prudential Life Insurance recorded a profit of Rs 326 crore in Q3-2025, compared to Rs 227 crore in Q3-2024, with an annualised premium equivalent of Rs 6,905 crore for the first nine months of FY2025. ICICI Lombard General Insurance posted a 67.9% jump in profit to Rs 724 crore, while its gross direct premium income reached Rs 6,214 crore. ICICI Prudential Asset Management’s profit rose to Rs 632 crore in Q3-2025 from Rs 546 crore a year ago. ICICI Securities reported a profit of Rs 504 crore, compared to Rs 466 crore in Q3-2024.

The bank launched DigiEase, a platform to streamline business banking customer onboarding, and upgraded its retail lending platform iLens to include credit cards alongside mortgages and personal loans. ICICI Bank continues to invest in digital infrastructure to enhance customer experience and operational efficiency.

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